Funding you earn now, next payment 08:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Bitget+0.124%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 7 days−0.148%−$15 · spread now +0.124%, 7d avg −0.026%
=The price spread pays, funding is against you. Gate is 0.150% dearer against Bitget than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.026%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.065% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8570 | 0.0100 | pay 0.0050% / 4h | 24m 01s | $2.8M | $3.5M | 50x |
| Short | Gate ORDI_USDT | 4.8630 | −0.0036 | pay 0.0018% / 4h | 24m 01s | $1.2M | $2.7M | 50x |
Bitget ORDIUSDT
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.56
- Price spread: +0.124% → −0.026%
- $14.99
- Slippage, 4 orders
- −$46.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.39
- Costs to cover
- 0.738%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 4 min ago | 3.08 bp | 15.1 bp −$15 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.05 bp | 17.8 bp −$18 | 75.8 bp −$758 | doesn't fit | doesn't fit |
ORDI on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0306% | 1h | 4.8561 | −0.019% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDTshort | −0.0036% | 4h | 4.8630 | +0.124% | $1.2M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8657 | +0.179% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.218% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0065% | 4h | 4.8600 | +0.062% | $595K | $307K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8652 | +0.169% | $702K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8632 | +0.128% | $10K | $386K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8610 | +0.082% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8600 | +0.062% | $4.1M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8590 | +0.041% | $5.2M | $17.6M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8620 | +0.103% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8627 | +0.117% | $1.0M | $791K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8570 | long leg | $2.8M | $3.5M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8630 | +0.124% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8601 | +0.064% | $26K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8530 | −0.082% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8580 | +0.021% | $84K | $385K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8617 | +0.096% | $5K | $221K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8570 | −0.001% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]